In this 148th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Gangesh Ganesan, the Founder and CEO of PeerNova, a data management company that helps companies get control of their data to empower growth!

Episode Highlights:

• 0:32 – Gangesh Ganesan introduces PeerNova and its services.
• 3:01 – How badly does it look when a company comes to PeerNova?
• 5:10 – How do companies get onboarded and work with PeerNova?
• 7:03 – Jason breaks down what a data lake is for those who don’t know.
• 7:47 – What answers do clients get when they finish the onboarding process?
• 10:20 – What are the biggest challenges that lead to data being inaccurate?
• 15:00 – Do clients give positive feedback once they are onboarded with Peernova?
• 18:47 – How does getting the data situation under control empower future innovation within these companies?
• 20:54 – Jason explains the concept of low-code and no-code platforms.
• 21:45 – Gangesh and Jason talk about the next level of AI and trends in the industry.
• 23:52 – How much more innovation will we see in the next decade now that we have auto-generated code?
• 24:45 – What would Gangesh change in the financial services industry?
• 27:10 – What has been the biggest challenge during PeerNova’s growth?
• 29:42 – Gangesh shares what excites him the most about his job.

3 Key Points

1. Peernova is an operating system for data, helping companies manage and clean up their data, something that strangles many companies to death.
2. Companies that come to PeerNova are not required to onboard all of their data onto PeerNova’s platform but can work side-by-side with PeerNova’s servers as they act as a data lake.
3. Once companies have their data cleaned up and under organized management, their IT-centric work becomes automated while also empowering their business users.

Tweetable Quotes:

• “We run both data quality and process integrity checks on the data and then we allow you to take actions on the results of that data quality and process checks.” – Gangesh Ganesan
• “Data quality is the albatross around the neck of every company and it is not great.” – Jason Pereira
• “Trying to find data quality and process issues and trying to make data available to downstream users is looking for a needle in a haystack, and the haystack itself is spread over a huge farm.” – Gangesh Ganesan
• “Humans are always the weakest link.” – Jason Pereira
• “The trend in the industry is to automatically start writing software itself for you. Instead of having to write code, you use tools that can write software for you now.” – Gangesh Ganesan

Resources Mentioned:

• Facebook – Jason Pereira’s Facebook
• LinkedIn – Jason Pereira’s LinkedIn
• FintechImpact.co – Website for Fintech Impact
• JasonPereira.ca – Sign up for Jason Pereira’s newsletter
• Woodgate.com – Website for Woodgate Financial
• Peernova.com – PeerNova’s Website
• LinkedIn – Gangesh Ganesan’s LinkedIn

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